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That's because they were in the business of selling shares, and now they sold them all. This story is as old as America itself. The bank that is now JP Morgan
by vmception 6y ago
That's because they were in the business of selling shares, and now they sold them all.
This story is as old as America itself. The bank that is now JP Morgan Chase, the sixth largest bank in the world, was started by Aaron Burr's fundraise for a ripoff water supply system in Manhattan. He collected $2mm, used $100,00 on the stated purpose and the rest to start a bank.
These are our role models, where the point is to get money by any means and try to make a profit on that before needing to forfeit the money or your freedom.
- fludlight 6y agoMore info on the water company: https://institute.jpmorganchase.com/about/our-history https://institute.jpmorganchase.com/about/our-history https://en.wikipedia.org/wiki/Manhattan_Company https://en.wikipedia.org/wiki/Manhattan_Company https://www.jstor.org/preview-page/10.2307/25096785?seq=1 https://www.jstor.org/preview-page/10.2307/25096785?seq=1
- trimbo 6y ago> Among its founders are Alexander Hamilton and Aaron Burr Talk about co-founder infighting!
- reaperducer 6y agoThis story is as old as America itself I think you means "This story is as old as Canada, itself." North was Canadian. Also, the story is older than America. It goes way back to medieval Europe, at least. Possibly farther back than that in the Middle East, but that's not an area of history I know much about.
- vmception 6y agoI hope to inspire!